[Grovenet] Another anti-science Republican screed ? ? ? ?

[Walt Wentz]

Uh... Steven, if we suffer 20% inflation for five years, how would  
owners of homes (those who hadn't been forced out by foreclosure  
after they lost their jobs) be able to sell at "break-even?"  If a  
dollar five years from now will only be worth 17 cents and a Yoo-Hoo  
bottle cap,  where's the break-even return?
Weimar Germany used to be the poster child of the blessings of  
inflation, but now we have Zimbabwe...
Walt

On Feb 27, 2009, at 8:16 AM, Steven wrote:

> Pick a sensible point for yourself. The bottom line is that the  
> market went
> very high, beyond reason.
> I believe we have now reached a point where we should have been.
> Not that I want it, but an inflation of about 20% for 5 years or so  
> will
> bring costs up to the previous high in the stock market and real  
> estate
> market. Then the people who purchased over priced houses will be  
> able to
> sell the properties at a break even point or profit.
> That doesn't mean that things will be any better.
>
>> -----Original Message-----
>> From: grovenet-bounces at rdrop.com [mailto:grovenet- 
>> bounces at rdrop.com]On
>> Behalf Of Katie Allnutt
>> Sent: Friday, February 27, 2009 6:54 AM
>> To: Forest Grove local interests list
>> Subject: Re: [Grovenet] Another anti-science Republican  
>> screed ? ? ? ?
>>
>>
>> The huge redistribution of wealth away from the middle class and
>> toward the top 5% has indeed been quite remarkable over both of those
>> time periods. Out of sorts is a good way to put it.
>>
>> Katie
>>
>> On Feb 26, 2009, at 10:56 PM, Steven wrote:
>>
>>> I picked 1946 because the chart I had only went back to 1929 and I
>>> wanted to
>>> get away from that abnormality of the average. For a period of
>>> 1946, things
>>> looked quite average.
>>> Do you think that the stock market run up of the 90s or the RE run
>>> up of
>>> this century are normal?
>>> Pick any parameter and you'll see we've been out of sorts the last
>>> decade
>>> and a half.
>
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